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Politics : Formerly About Applied Materials

AMAT 225.18

-1.5%

Nov 18 3:59 PM EST

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To: Sun Tzu who wrote (52693)	9/20/2001 5:04:02 PM
From: Kirk ©	Read Replies (1) of 70976

From suite101.com Author: Will_L Date: September 20, 2001 1:35 PM Subject: Present State The market is hardly the place one would expect a positive reaction to uncertainty. The media is similarly afflicted with a perverse prediliction to dwell on the negative. You would swear that this country was being bombarded day and night and our existance was in doubt as it was for England during the battle of London. Our country took a terrible blow, but one that if it happened somewhere else would not have caused this effect. I recall that during the prelude to Desert Storm, all the gloom and doom scenarios. We would be mired in a war which was likely to last years. We would take huge casualties and most likely in the end would get our ass kicked many like Ted Kennedy said. If they set the Kuwaiti oil fields on fire it would be like a nuclear winter and would take decades to get under control said such bright guys as the late Carl Sagen. Our markets got kinda squeamish. Fear of the unknown became the reason not to buy. Sellers kept getting cheaper prices as they unloaded. When affirmative action was taken, the market moved up quickly. The same can be said about those grave currency crises that were sure to end the world as we knew it back in 98. Russia and the far east's lousy economy would surely bring us down. Again fear gripped buyers and sellers took lower prices until people got over it. I think these things are like a death in the family. In this case especially so. A sudden death of a robust family member leaves those remaining to question everything they took for granted. They cannot envision going on as before shortly after the event. They can't work like they did before so they think. They can't laugh and have fun ever again it would seem. They can't imagine going to movies or taking a vacation or kicking back and doing crazy stuff like they once did. In almost every case after days, weeks or months, normal people return to the behavior they enjoyed and participated in prior to the death of the loved one. They don't forget the loss, but their life goes on pretty much unchanged in consumption and activities. I think the same thing will happen as we get over the death in our family on 9/11.

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